Text size
U.S. President Trump waves from the back of a car in a motorcade outside of Walter Reed Medical Center in Bethesda, Maryland, on Oct. 4, 2020.
AFP via Getty Images
Global stocks advanced on Monday on hopes that President Donald Trump’s hospital stay will boost the chances of a stimulus bill being completed before the election.
Shortly after the open, the
Dow Jones Industrial Average
gained 260 points, or 0.9%, while the
S&P 500
rose 0.9%, and the
Nasdaq Composite
advanced 1%.
With major markets in Asia resuming trade after holidays, the
Nikkei 225
rose 1.2% in Tokyo and the
Hang Seng
rose 1.3% in Hong Kong.
The
Stoxx Europe 600
added 0.7%.
Trump over the weekend appeared to be in improving physical condition after being hospitalized for Covid-19, with the president possibly leaving Walter Reed Medical Center as early as Monday.
Trump’s hospitalization seems to have improved